The Market The major action in global oilseed markets this past week has been in the vegoil realm, where tightening global supplies have pushed prices higher. In turn, oilseed markets, including those for soybeans and rapeseed/canola, have been mostly steady as the advancing Brazilian harvest and poor Argentine weather conditions offer conflicting influences. Soybean futures have been mostly steady/lower since the February WASDE report in which USDA made no changes to the U.S. soybean balance sheet. The USDA left its forecast of Brazil’s 2024/25 soybean crop unchanged at 169 MMT, which is below most private estimates. The USDA did, however, lower its forecast of the Argentine soybean crop by 3 MMT to 49 MMT, which is still...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.